Premier Asset Managment Lowers stake in UnitedHealth Group Inc (UNH)

UnitedHealth Group Inc (UNH) : Premier Asset Managment reduced its stake in UnitedHealth Group Inc by 2.63% during the most recent quarter end. The investment management company now holds a total of 61,020 shares of UnitedHealth Group Inc which is valued at $8,727,080 after selling 1,650 shares in UnitedHealth Group Inc , the firm said in a disclosure report filed with the SEC on Jul 18, 2016.UnitedHealth Group Inc makes up approximately 2.13% of Premier Asset Managment’s portfolio.

Other Hedge Funds, Including , Regentatlantic Capital reduced its stake in UNH by selling 11,250 shares or 10.74% in the most recent quarter. The Hedge Fund company now holds 93,460 shares of UNH which is valued at $13,366,649. UnitedHealth Group Inc makes up approx 1.25% of Regentatlantic Capital’s portfolio.Independent Portfolio Consultants reduced its stake in UNH by selling 40 shares or 20.0% in the most recent quarter. The Hedge Fund company now holds 160 shares of UNH which is valued at $22,520. UnitedHealth Group Inc makes up approx 0.01% of Independent Portfolio Consultants’s portfolio.Balasa Dinverno Foltz boosted its stake in UNH in the latest quarter, The investment management firm added 884 additional shares and now holds a total of 8,830 shares of UnitedHealth Group Inc which is valued at $1,242,823. UnitedHealth Group Inc makes up approx 0.22% of Balasa Dinverno Foltz’s portfolio.Bristol John W Co Inc Ny reduced its stake in UNH by selling 30,784 shares or 5.76% in the most recent quarter. The Hedge Fund company now holds 503,428 shares of UNH which is valued at $70,857,491. UnitedHealth Group Inc makes up approx 1.93% of Bristol John W Co Inc Ny’s portfolio.

UnitedHealth Group Inc opened for trading at $143.47 and hit $144.48 on the upside on Wednesday, eventually ending the session at $143.02, with a gain of 0.30% or 0.43 points. The heightened volatility saw the trading volume jump to 54,89,808 shares. Company has a market cap of $135,984 M.

On the company’s financial health, UnitedHealth Group Inc reported $1.96 EPS for the quarter, beating the analyst consensus estimate by $ 0.07 according to the earnings call on Jul 19, 2016. Analyst had a consensus of $1.89. The company had revenue of $46485.00 million for the quarter, compared to analysts expectations of $45039.08 million. The company’s revenue was up 28.2% compared to the same quarter last year. During the same quarter in the previous year, the company posted $1.64 EPS.

Many Wall Street Analysts have commented on UnitedHealth Group Inc. Company shares were Reiterated by RBC Capital Mkts on Jul 20, 2016 to “Outperform”, Firm has raised the Price Target to $ 165 from a previous price target of $157 .Company shares were Reiterated by Mizuho on Jul 19, 2016 to “Buy”, Firm has raised the Price Target to $ 160 from a previous price target of $156 .UnitedHealth Group Inc was Initiated by Bernstein to “Outperform” on Jun 16, 2016.

UnitedHealth Group Incorporated is a health and well-being company. The Company’s business platforms include UnitedHealthcare and Optum. UnitedHealthcare provides health care benefits to various customers and markets. Optum is a health services business serving the health care marketplace including payers care providers employers Governments life sciences companies and consumers. The Company’s business platforms have four segments: UnitedHealthcare OptumHealth OptumInsight and OptumRx. UnitedHealthcare includes UnitedHealthcare Employer & Individual UnitedHealthcare Medicare & Retirement UnitedHealthcare Community & State and UnitedHealthcare Global. OptumHealth is a health and wellness business serving the physical emotional and financial needs of individuals. OptumInsight provides technology operational and consulting services to participants in the health care industry. OptumRx provides a range of pharmacy benefit management (PBM) services.

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